Agicap Selects Salt Edge to Digitalise Cash Flow Management and Forecasting for SMEs
- Cash management
- 27.10.2020 10:19 am
Agicap, a French SaaS company that offers BFM software to small businesses, selected Salt Edge, leader in offering open banking solutions, to empower CEOs and CFOs to manage and monitor their companies’ cash flows on all bank accounts, in a single dashboard.
Agicap develops customisable business finance management (BFM) software specially tailored for small and micro businesses that do not have their own internal cash management tools, as big companies do. Company offers a real-time view of businesses’ cash flows by enabling to automatically insert bank account data and data from accounting, invoicing, CRM, ERP or from cashier softwares onto their platform. Agicap’s gear helps pre-estimate the company’s financial needs upstream of possible failures. Salt Edge bank data aggregation solution helps Agicap’s customers to spend less time and resources on managing their cash flows by giving them direct access to all the data they need in one tool.
Salt Edge Partner Program allows Agicap to access open banking data instantly, pushing forward the digitalisation of key functions to finally break out of the endless Excel spreadsheets avalanche. The cooperation with Salt Edge will grant Agicap access to bank accounts data of more than 5000 banks in 50+ countries. Recently Agicap launched their software services in Germany, planning to cover other European markets, such as Italy and Spain, in the near future. To french customers, Agicap provides a better quality of service when they need to connect a bank in Europe.
Maël Ezzabdi, Chief Product Officer at Agicap, said: "Thanks to Salt Edge we help our customers to spend less time on managing their cash flows by giving them direct and real time access to all the financial data they need in one tool. This partnership makes our product even more efficient and relevant for our large customers with bank accounts in different European countries. Having access to reliable bank data, in real time, for each one of their entities is indeed crucial for CEOs and CFO in those tough times."
Lisa Gutu, Head of Business Development at Salt Edge, comments: "Collaboration with Agicap will help simplify daily routine and forecasting for businesses, and therefore enhance their growth. It is a prominent ambition, which has become even more relevant during the ongoing world crisis. Here at Salt Edge we are committed to support small and medium-sized businesses, and joining forces with Agicap we can demonstrate at a glance a set of open banking benefits and possibilities it unveils.
As a part of Salt Edge data enrichment platform, transaction categorisation enables to turn the raw and bulky data into meaningful actionable insights, that help to forecast performance capabilities, to customise and personalise services, and to make smarter business decisions every day. Agicap’s products become even more efficient for businesses, while also the company’s Customer Success team spends less time on helping clients to import data, releasing extra hours for more valuable interactions.